Category Archives: Fintech Opinions

November 23, 2021   Blockchain, Crypto, Digital Assets Regulations, Blockchain, Crypto, Digital Assets, Tokens, CBDCs, Stablecoins, Metaverse, NFTs, Enterprise, Scaleup, Entrepreneurs, Start-ups, Small Businesses, FinTech and Alternative Finance, Fintech International, Fintech Opinions, Innovation and Resources, Legal Issues, Regulation, Consultation, Stories, Voices   No comments

The Infrastructure Investment and Jobs Act’s Attack on Crypto

Cato Institute | Nicholas Anthony | Nov 15, 2021

Infrastructure Jobs Act’s impact on Crypto regulationThe Infrastructure Investment and Jobs Act’s Attack on Crypto: Questioning the Rationale for the Cryptocurrency Provisions

The Infrastructure Investment and Jobs Act has finally reached President Joe Biden’s desk and has been signed into law. However, its ratification, with the cryptocurrency provisions in Section 80603 intact, signals the beginning of an attack on the cryptocurrency industry. If Congress does not wish to see the cryptocurrency industry leave the country just as the United States is becoming a global leader in cryptocurrency mining, Congress should amend the provisions that have set a de facto ban on legal cryptocurrency mining and exposed over 60 million Americans to new felony crimes.1 Failure to do so will likely result in numerous legal challenges from the industry—especially if said provisions continue to rest on such a weak foundation.

The Amendments to Sections 6045(c)(1) and 6050I(d) of the Internal Revenue Code

The law addresses the cryptocurrency industry in Section 80603.6 It is here that two provisions amend the Internal Revenue Code (IRC) in a way that amounts to a de facto ban on legal cryptocurrency mining in the United States. Worse yet, it also requires an unjust level of surveillance that is enforced by threat of felony charges.7

See:  As regulators circle above, how should the DeFi industry respond?

The amendment to 6045(c)(1), commonly referred to as the “broker provision,” redefines the term “broker” in the IRC so that it includes “any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person.”8 In doing so, Congress has categorized not just traditional exchanges (e.g., Coinbase, Kraken, etc., that are licensed and regulated at the state level) as brokers but also individual miners and even software developers. This provision thus requires exchanges, miners, and developers to report the name and address of each “customer.”9 Yet this is information that many who will be newly defined as brokers in the IRC simply do not have access to.

Therefore, by mandating that they report what they cannot possibly offer, Congress is effectively banning legal mining in the United States.

The amendment to Section 6050I(d) of the IRC might even be worse for the industry than the previous provision.10 Currently, Section 6050I(d) requires anyone engaged in a business transaction of $10,000 or more in cash to report the transaction to the IRS. The report must include the name and address of the payer, as well as their taxpayer identification number, the amount paid, the date, and the nature of the transaction. The law expands this requirement to also require reporting on business transactions involving $10,000 or more in digital assets.11

See:  Cato: A Simple Proposal for Regulating Stablecoins

Failure to comply with Section 6050I(d) can result in severe repercussions. For example, if someone spends over $10,000 in cryptocurrency on a piece of art, the seller must file IRS Form 8300 within 15 days.12 Failure to file, incorrect information, or missing information may result in a $25,000 fine or five years in prison.13 Such a consequence should not be the result of any law that has not been properly debated or heard by the public.

Unjust Surveillance

The design of these provisions makes it difficult to understand what Congress is seeking to achieve. There’s a big difference between paying taxes on the income earned through mining (i.e., the coins one is rewarded with) and reporting the transactions that one mines. And there’s an even bigger difference between requiring those that “effectuate transfers” to report information and requiring any business that receives a payment to do so. So, while one might make a case for the cryptocurrency industry to pay its “fair share” of taxes, the amendments to Sections 6045(c)(1) and 6050I(d) are clearly designed for surveillance purposes.

Continue to the full article --> here

The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

NCFA Financial Innovation MapNCFA Innovation Opportunity BriefsNCFA Fintech Insights
NCFA Fintech WhispererNCFA Fintech Fridays PodcastNCFA Weekly Newsletter

 

Read More
November 19, 2021   Enterprise, Scaleup, Entrepreneurs, Start-ups, Small Businesses, FinTech and Alternative Finance, Fintech Opinions, Fintech Services, Fundraising, Investing, Trading, Innovation and Resources   No comments

Preparing your business for sale in Delta BC

Guest Post | Nov 19, 2021

Tips for preparing your business for sale

If you’ve decided to put your business for sale in Delta BC, knowing the following things can help you prepare your business for sale.

1.  Update capital assets

You should objectively review all of your capital assets such as equipment, infrastructure, and technology. If you’re using outdated software, you should update it. Similarly, if you are running inefficient machinery, you should consider upgrading it. Moreover, if you invest in improving your company vehicles, building, or hardware, it will pay dividends when you’re ready to sell. The upgraded assets give a new owner extra years of depreciable value.

2.  Refine and document processes

If you’re preparing your business for sale in Delta BC, you can make it more appealing to a buyer by refining and documenting your business processes. Because buyers consider investing in such an opportunity that has more chances to run smoothly right from the start.

Help your buyer better understand how your business works by outlining processes on paper such as guidelines for each area of the business. You should at least present a document outlining the company’s procedures and policies to your buyer. Because the more the buyer understands your business, the more he gets interested in buying your business.

3.  Audit financial records

The proof of an organized financial system and up-to-date audited financial records are the main things that the potential buyers want to see. It’s likely for your business to look less appealing to buyers if you haven’t organized your business financials and don’t have third-party validation.

You can get yourself an accountant who can put your financials in order if your current system isn’t well-organized.

4.  Limit risk in cash flows

You should also try to limit your cash flow while preparing your business for sale in Delta BC. It means that you need to identify and fix anything that could reduce the money immediately available to the business. When you streamline your costs, you need to ensure that revenue continues to come in.

See:  5 Workflow Optimization Tips to Streamline Your Business Processes

The different types of businesses have different steps to limit cash flow. But, the most key actions that most businesses can take include finding new clients to increase customer diversification, increasing recurring revenue, and limiting variable expenses. Hiring a consultant can save you from the difficulty of improving cash flow. This way, your business will attract more buyers.

5.  Your main goal in preparing your business for sale

Your main goal while preparing your business for sale in Delta BC must be to do anything you can to make the business more appealing to buyers. It means that you must provide a clear picture of what it is that your business involves. Moreover, you should also make it clear that what return the buyer of your business can expect if he takes over.

The sale of your business can be quick as well as valuable if you do the necessary improvements that you think your business needs. The more the takeover process seems smoother to the buyers, the more your business seems appealing to them.

The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

NCFA Financial Innovation MapNCFA Innovation Opportunity BriefsNCFA Fintech Insights
NCFA Fintech WhispererNCFA Fintech Fridays PodcastNCFA Weekly Newsletter

 

Read More
November 17, 2021   FinTech and Alternative Finance, Fintech Interviews and Podcasts, Fintech Opinions, Fundraising, Investing, Trading, Innovation and Resources, Venture Funding and Building   No comments

Q&A with Fintech Investor David Nault, Co-Founder & General Partner, Luge Capital

Luge Capital | David Nault | Nov 17, 2021

NCFA – David Nault Luge Capital

Has your investment thesis changed pre-covid versus now?

Covid has been a digital reality check for financial institutions. The strongest companies that have emerged post Covid are those helping financial institutions accelerate their digital transformation without being a victim of long sales cycles. Our thesis has changed little in that we believe in collaborating with financial institutions and removing friction for users to consume financial services.

What do you see as the long-term impact of COVID-19 on the pace, shape and evolution of the Canadian fintech ecosystem?

Many of the services provided by financial institutions were done face to face or with a wet signature. Due to Covid this is changing and will last longer term.

See:  The Real Story of Access to Capital

The other big change is that a larger portion of talent working in financial institutions will be able to work remotely which will provide a larger more skilled talent pool and savings.

What fintech verticals are you most excited about over the next 5 years and why?

  • We're seeing big growth in digital insurance (B2B and B2C) especially in life and health and employee benefits.
  • The gig economy is driving digital SMB banking and this is a huge market.
  • Security will continue to grow due to new digital financial services that increase possible risk.
  • Online financial services means the need for more data analytics and process automation.
  • As crypto continues its momentum, we beleive there are significant opportunities to further develop user-friendly DeFi applications to address a broader user base.

What advice would you give fintechs who are looking for new ways to tap the global market during this crisis?

See:  How to grow young fintech talent

I have some general comments then one specific comment during covid.

  1. Succeed in one big market before going to another. Going into other markets requires resources and teams that understand the nuances of those other markets including, user preferences, regulation, and compliance.
  2. Make sure to architect the solution so that it is multilingual and multicurrency.
  3. Ask yourself can my business scale in other geographies if travel restrictions continue?

Is there anything else you’d like to add?

One last thing. Covid may accelerate certain businesses however it is important to understand demand post covid to map out the longer-term strategy.

NCFA Fintech Confidential Issue 4 250 - Technology Due Diligence Process and Cyber Risks for Fintech Start-ups

This article is featured in NCFA's digital magazine, Fintech Confidential (Issue 4 Oct 2021). Click to read the latest thought leadership, insights and trends about Fintech in Canada:

Checkout NCFA's digital magazine, Fintech Confidential (Issue 4) --> here

 

The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

NCFA Financial Innovation MapNCFA Innovation Opportunity BriefsNCFA Fintech Insights
NCFA Fintech WhispererNCFA Fintech Fridays PodcastNCFA Weekly Newsletter

 

Read More
November 15, 2021   FinTech and Alternative Finance, Fintech Interviews and Podcasts, Fintech Opinions, Fundraising, Investing, Trading, Innovation and Resources, Venture Funding and Building, Voices   No comments

Views from the Market: Midmarket M&A and Private Equity Podcast

Stikeman Elliot | Mario Nigro | Oct 27, 2021

private equityPlease join us – at your convenience – for a new series of podcasts on private equity and midmarket M&A, with a focus on Canada. In these concise 15-minute segments, a wide range of industry participants discuss the deal market trends that they’ve been seeing. The host and originator of the series is Mario Nigro, M&A partner at Stikeman Elliott in Toronto.

See:  Tiger vs. SoftBank: Inside the investing playbooks that upended Silicon Valley

Episode 21: What is Driving Today’s High Valuations and Can It Continue?

Dr. Howard Johnson, Canadian Market Leader at Duff & Phelps		 Mario’s guest is Howard Johnson, Canadian Market Leader at Duff & Phelps and managing director in its M&A Advisory practice. A veteran of the Canadian midmarket and a valuation expert, Howard believes that today’s high valuations and (often) double-digit multiples are likely to persist since many public companies and PE firms are cash-rich and eager to invest. Tax reform and the uncertainty of pandemic-era earnings analysis may emerge as complicating factors, however. Spotify | Apple Podcasts (iTunes) | SoundCloud
Episode 20: What Does A Tech-focused U.S. Private Equity Firm See In Canada?

Doyl Burkett, Managing Partner, Integrity Growth Partners		 Doyl Burkett, Managing Partner of Los Angeles-based Integrity Growth Partners, joins Mario Nigro to discuss PE investments in the software and tech-enabled business services space. Integrity typically invests $10-40m in founder-owned-and-operated businesses, often taking non-controlling positions. Doyl’s strategic focus on “underserved geographies” has generated many opportunities across Canada. Spotify | Apple Podcasts (iTunes) | SoundCloud
Episode 19: Scaling Canada’s Smaller Successful Companies: A New Solution to an Old Challenge

George Rossolatos, CEO of Canadian Business Growth Fund		 Joining Mario Nigro is George Rossolatos, CEO of Toronto-based Canadian Business Growth Fund (CBGF), a private equity investor that takes minority stakes in Canadian companies, typically those in the $10-25m revenue range, working with them to promote long-term growth. CBGF was created in 2018, with George as Founding CEO, in response to concerns that Canada needs to get better at growing its successful startups into strong midmarket players. Spotify | Apple Podcasts (iTunes) | SoundCloud

Continue to the full article --> here

The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

NCFA Financial Innovation MapNCFA Innovation Opportunity BriefsNCFA Fintech Insights
NCFA Fintech WhispererNCFA Fintech Fridays PodcastNCFA Weekly Newsletter

 

Read More
November 9, 2021   Blockchain, Crypto, Digital Assets, Tokens, CBDCs, Stablecoins, Metaverse, NFTs, Enterprise, Scaleup, Entrepreneurs, Start-ups, Small Businesses, FinTech and Alternative Finance, Fintech Opinions, Innovation and Resources, Voices   No comments

9 digital assets powering the DeFi revolution?

Forkast | Alex Tapscott | Nov 8, 2021

blockchain digital assetsFinancial services, foundational to all industry and economic activity, is going through the greatest upheaval since the invention of double-entry bookkeeping in the Middle Ages. Every aspect of the industry is about to change, from how we move and store value to how we access credit, invest, trade, transact and insure against risk. But this upheaval is about more than changes to existing industries like banking or insurance. It’s about enabling new business models and organizational capabilities that will transform existing industries, redefine the architecture of the firm and other institutions, change profoundly how we interact online with companies and with each other, alter the fabric of daily life, reimagine the nature of work and more.

See:  Want to launch an ecosystem? Consider Tokenization

Blockchains are tamper-resistant ledgers of transactions distributed across a network maintained by many parties. These shared ledgers serve as common sources of the truth. In effect, they supplant the records of banks, governments, corporations and the large technology companies that intermediate much of the digital economy. Blockchains are the first digital medium for value, just as the internet was the first digital medium for information.

In this brave new world, we can move, store, manage, organize, govern, create, fragment and direct anything and everything of value to whatever end we desire, peer to peer.

Financial services are no longer centralized within an industry; they are decentralized across blockchain networks such as Bitcoin, Ethereum, Solana, Terra Luna, Avalanche and Cosmos. Decentralized finance (DeFi) is shaking the windows and rattling the walls of Wall Street banks, government agencies and global institutions. Call it the DeFi Revolution. Like many revolutions, it holds great promise and great peril. Critics malign its chaotic and seemingly uncoordinated growth and its potential to displace jobs and accuse it of undermining the monetary sovereignty of governments, exacerbating inequality and warming the planet.

See:  Barclay’s Rise report: Decrypting Crypto November 2021

To be clear, DeFi is not fintech. Fintech applications, while important, still require banks and other intermediaries to establish trust between parties, verify account balances and perform the business logic — clearing, settling, contracting and so forth — that makes the system work. And in the end, most fintech innovation is digital wallpaper — a sleek user interface that conceals the old system beneath. Instead of slapping on a fresh coat of paint, DeFi reimagines finance from a networked point of view with digitally native assets, or tokens.

Our token taxonomy has grown to nine assets:

Non–fungible tokens (NFTs): NFTs are unique, provably scarce digital assets; they provide a means to verify the scarcity, provenance and ownership of these assets. They can also represent physical assets, such as sports memorabilia and luxury goods. Today they are primarily used for art, collectibles and digital assets inside games. Ultimately, they can be used as identities, to represent intellectual property and express ownership of many other kinds of virtual goods. NFTs have exploded in popularity. OpenSea, one single NFT site, recorded over US$3.4 billion in transaction volume in a single month in August 2021.

See:  WEF Insight Report: Digital Assets, Distributed Ledger Technology, and the Future of Capital Markets

Stablecoins: Stablecoins are cryptoassets — such as USDT, USDC, DAI and UST — with stable value pegged typically to the U.S. dollar. Now with a total market value that exceeds US$130 billion, stablecoins use different methods to stabilize their value. Centralized stablecoins are backed by deposits of cash and equivalents inside financial institutions like banks. Decentralized stablecoins are typically collateralized by cryptoassets held in smart contracts.

Governance tokens: Governance tokens such as Uniswap’s UNI, Aave’s AAVE, Compound’s COMP and Yearn Finance’s YFI give holders say in the governance, specifically the allocation of resources from a common wallet of decentralized autonomous organizations (DAOs) and decentralized applications, or dApps. As dApps take in more assets and users, their governance tokens often appreciate as the economic value they control increases, and their fees increase. For example, the value of UNI, native token to the Uniswap decentralized exchange, is over US$11 billion.

Continue to the full article --> here

The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

NCFA Financial Innovation MapNCFA Innovation Opportunity BriefsNCFA Fintech Insights
NCFA Fintech WhispererNCFA Fintech Fridays PodcastNCFA Weekly Newsletter

 

Read More
November 9, 2021   Digital, NEO, Open Banking, Open Finance, Enterprise, Scaleup, Entrepreneurs, Start-ups, Small Businesses, FinTech and Alternative Finance, Fintech International, Fintech Opinions, Fintech Services, Fundraising, Investing, Trading, Innovation and Resources, Payments, Transfers, Rewards, Voices   No comments

Open banking continues to evolve — what’s next?

Sifted | Steph Bailey | Nov 3, 2021

Focus on customers first Opening Up Financial Services

Investors are still betting big on open banking: in the past three months, TrueLayer announced a $130m funding round led by Tiger Global, Visa bought rival Tink for $2bn, Yapily announced its $51m Series B raise and Mastercard doubled down by acquiring Aiia — a Danish startup that will allow Mastercard to do credit scoring.

So why are investors flashing the cash when open banking is still in its nascency? Back in April, Yapily founder Stefano Vaccino told Sifted that VCs are less concerned with monetisation and more with the market’s raw opportunity.

See:  Digital Banking / Analytics / Infrastructure companies in Canada

“Investors aren’t looking at revenue multipliers, but the size of the market… This is a space that for the next 10 to 15 years will continue to grow, and there’s an opportunity to build a company that is $100bn,” Vaccino said.

One of the opportunities in open banking is the payments market, where fintechs are using the vast network of bank connectivity to fuel a new era of account to account (A2A) transactions. That’s allowing consumers to pay directly into merchants’ bank accounts rather than using a card.

Early open banking players like Tink, Plaid, Bankin’ and TrueLayer — who all began by offering data connectivity — have now started branching into the payments space. They’ve recently been joined by new players including Vyne, BOPP, Trilo and Banked.

“There’s an amazing thing in fintech generally called coopetition, where there’s an acceptance that you can’t be good at everything,” he says. “Most fintechs and people in the industry now consider the competition as part of what is needed to deliver the solutions you need.”

See:  Privacy Implications of an Open Banking System in Canada

A key piece of European payments legislation called PSD2 came into effect in 2018 and boosted the open banking sector by forcing UK banks to open up their data (albeit to varying quality levels). McDougall now says similar legislation is needed in other countries.

“What we’re going to need over the years ahead is the availability of equivalent regulatory frameworks in these other jurisdictions,” he says. “So that European open banking works seamlessly with North American open banking etc.”

The UK is now nearing four million open banking customers, which is behind predictions, but with the right regulation and products, 40m people could have accessed open banking services by 2025. However, surveys suggest some customers still have concerns over protecting their data.

But Greenwood says there are 58 countries currently rolling out their own version of open banking. While the UK was among the first to adopt it, he says other countries can learn from it.

Continue to the full article --> here

The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

NCFA Financial Innovation MapNCFA Innovation Opportunity BriefsNCFA Fintech Insights
NCFA Fintech WhispererNCFA Fintech Fridays PodcastNCFA Weekly Newsletter

 

Read More
November 8, 2021   Enterprise, Scaleup, FinTech and Alternative Finance, Fintech International, Fintech Opinions, Fintech Services, Innovation and Resources, Legal Issues, Regulation, Consultation, Stories   No comments

Rise of the super app

Verge | Alex Heath | Nov 1, 2021

super appsSocial media companies are increasingly super apps that encompass more of what we do online, for better or worse

Say you want to see Japanese Breakfast play in Sacramento next week with a couple of friends.The rise of the super app has revolutionized the way we use technology, and if you're considering creating your own multi-functional app in the Peach State, establishing an LLC in Georgia can provide a solid legal foundation for your innovative venture.

But what if all that activity happened in one app on your phone?

See:  House Lawmakers Condemn Big Tech’s ‘Monopoly Power’ and Urge Their Breakups

Over the next several years, I predict that the biggest social media companies around the world will become super apps, acting as gatekeepers to a wider array of things people do online. While they started as ways to mainly keep in contact with friends and family or be entertained, these social networks — Facebook, Snap, and TikTok, for example — will become increasingly important ways people shop, bank, and entertain themselves. Some of these firms that started in the US, such as Snapchat, are already starting to resemble super apps, even though they’re still primarily thought of as social networks.

The idea of the super app first gained popularity in China with WeChat, the messaging app that essentially acts as a platform for facilitating life online in the world’s most populous country. WeChat doesn’t just let you message your friends and see their updates in a feed; it can also be used to take out a loan to buy your next car. Commerce done through mini-apps that WeChat lets other developers build on its platform reached a staggering $240 billion last year alone, more than double from the previous year.

In the Western world, social media firms are playing catch-up. They’re morphing from single or dual-use case apps — messaging friends or browsing feeds of content — to encompass more and more of what people do online. Last year, Facebook started adding shopping features that keep users from needing to complete purchases elsewhere. The head of Instagram, which is part of Facebook’s family of apps, recently made headlines when he said the app was no longer primarily about sharing photos.

Becoming a super app is mainly about becoming more integrated into people’s live

See: 

Regulators worry tech giants ‘Too Big to Fail’ because they are hosted in the cloud

Lina Khan: The 32-year-old taking on Big Tech as new Chair of the US FTC

Lawmakers Take Aim at Big Tech with Push for Sweeping Overhaul of Antitrust

Read More
« Older posts
Newer posts »